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Diamond & Specialty Minerals Summary for Dec. 18, 2018

2018-12-18 19:17 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a weak 60-94-136. The TSX Venture Exchange fell three points to 543 while polished diamond prices edged lower. Sheldon Inwentash and Arno Brand's Gratomic Inc. (GRAT) continued its busy ways, dropping one cent to 12.5 cents on 6.93 million shares. The company has just raised $2.5-million for further exploration -- and promotion -- of its Aukam graphite project in Namibia.

Paul Brockington and Mark Thompson's Margaret Lake Diamonds Inc. (DIA) lost one cent to five cents on 90,000 shares. The company is going through the change: Mr. Brockington, the company's president, chief executive officer and major shareholder since it was created in 2014, has retired. His replacement is Jared Lazerson, who also takes Mr. Brockington's seat on the board. Mr. Brockington, of Vancouver, had been a one-trick pony since Margaret Lake launched. A mining engineer by trade, he has occasionally appeared around the Howe Street fringes since the 1990s. Mr. Lazerson, meanwhile, has never been a stranger to Howe Street. He has also been the president and CEO of MGX Minerals Inc. (XMG: $0.36) since 2014 and he is active on the boards of other exploration juniors.

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